Shares of Indian software exporters slid more than 4% on Thursday, extending losses for the week, as persistent fears of AI-led disruption and fading hopes of a near-term rate cut by the U.S. Federal Reserve weighed on sentiment. The rise of Anthropic’s AI tools threatens to upend the labour-intensive business model of Indian IT industry. […]
Tata Consultancy Services Ltd. has struck a strategic alliance with chipmaker Advanced Micro Devices Inc. to accelerate the deployment of AI for enterprise clients, a move that underscores the company’s pivot to become the world’s largest AI services company. Tata Consultancy Services is in the throes of a pivot to become the world’s largest AI-led […]
How the stocks of Infosys Ltd. and Wipro Ltd. have moved today, a day after their quarterly results, is emblematic of a wider problem afflicting India’s $283-billion IT services industry. A software professional at work. (Unsplash) The Nifty IT index, a gauge of India’s 10 largest IT firms is down 1.9% since bellwether Tata Consultancy […]